Some of the economic data releases in June 2020 has shown slight improvements such as Forex Reserve which currently stood at USD 130.50 Bn (up from USD 127.88 Bn in previous month) and Trade Balance which recorded a May Surplus of USD 2.09 Bn (up from a deficit of USD 0.34 Bn). These have led the Central Bank to cut its 7-DRRR benchmark by 25 bps to 4.25% in June. Monthly Inflation data also shown a slight increase for June 2020 which came in at 0.18% MoM or up from 0.07% MoM the previous month. This marked an anomaly in trend where usu-ally inflation would reach its peak during Ramadhan-Eid Fitr period.
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